Retail lumber prices will come down, current supply will be hoarded like toilet paper. Supply chain issues will persist, futures bottoming now. Market will find firm support at $1K, then continue advancing to $2500. We are at 50% retrace, the .0075 parabolic coefficient, and price has completed an ABCD pattern. Time to buy!
Order cancelled:
Welp, I think I was just plain wrong on this call.
I believe we'll see Lumber remain elevated for a spell, but she sure as heck ain't going to $2500, not without another Stimmy check to continue blowing up inflation.
This was really just a supply chain breakdown that is being resolved by the day.
I believe we'll see Lumber remain elevated for a spell, but she sure as heck ain't going to $2500, not without another Stimmy check to continue blowing up inflation.
This was really just a supply chain breakdown that is being resolved by the day.